Japan yen intervention guy Kanda says communicating with the US over currencies

<p>This is a yen intervention threat from Japan's Finance Ministry's Vice Finance Minister for International Affairs Kanda. </p><p>It's the MoF that will instruct the Bank of Japan to intervene. And Kanda is the official responsible for doing so. </p><p>Kanda says he is in communication with various countries, including the US, over <a href="https://www.forexlive.com/terms/c/currencies/">currencies</a>.</p><p>There is always the possibility that selling of <a href="https://www.forexlive.com/terms/u/usd-jpy/">USD/JPY</a> as intervention is conducted not only by the Bank of Japan, but also by other central banks such as the ECB and Federal Reserve – this would be a co-ordinated intervention. They happen less frequently than unilateral intervention, which in this case would be by the BOJ alone. </p><p>USD/JPY does not appear flustered at all:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.